Benefits of living as a resident in the US with EB-5 Visa

Benefits of living as a resident in the US with EB-5 Visa

By Varun Singh

In an era where financial strategies are evolving, discerning individuals are exploring unconventional avenues to secure their future. The EB-5 Visa program emerges as a beacon, offering a unique pathway for individuals seeking local residency in the US while strategically sidestepping traditional banking entanglements.

What is EB-5 visa program and how does it work?

The EB-5 visa program allows foreign nationals to obtain a green card (permanent residency) in the US by investing at least $1200,000 in a new commercial enterprise that creates or preserves at least 10 full-time jobs for US workers within two years. The investment amount can be reduced to $800,000 if the project is located in a targeted employment area (TEA), which is a rural area or an area with high unemployment.

The EB-5 visa program has two main options: the direct investment option and the regional centre option. The direct investment option requires the investor to manage and operate the business personally. The regional centre option allows the investor to invest in a pre-approved project affiliated to a regional centre.

If you are interested in applying for the EB-5 visa program, you may take advantage of the Liberalised Remittance Scheme (LRS) of India, which allows resident individuals to freely remit up to $250,000 per financial year for permissible transactions.

What are the benefits of the EB-5 visa program for Indians?

The EB-5 visa program offers many advantages for Indians who want to avoid bank loans and liabilities and live as a local resident in the US. Some of these are:

Fast and easy process: The EB-5 visa program is one of the fastest and easiest ways to get a US visa. The investors only need to prove that they have the required funds, that they obtained them legally.

Financial and tax benefits: The EB-5 visa program helps investors avoid bank loans and liabilities, as they can use their own funds or borrow from their relatives or friends to invest. The US has a double taxation avoidance agreement (DTAA) with India, which prevents investors from paying taxes on the same income in both countries.

Social and cultural benefits: The EB-5 visa program allows the investors and their family members to become part of the American society and culture. They can benefit from the rich and varied heritage, traditions, and values that the US has to offer.

Navigating Without Bank Loans and Liabilities

Risk Mitigation Through Investment: Unveiling the EB-5 Visa as a shield against financial vulnerability, this section delves into how strategic investment minimises risk exposure, providing a robust alternative to conventional loans.

Securing Financial Autonomy: Exploring how the EB-5 Visa empowers investors to break free from the shackles of traditional financing, fostering a sense of autonomy in financial decision-making.

Wealth Preservation and Asset Protection: Detailing the inherent advantages of the EB-5 Visa in preserving and protecting wealth, emphasising the security it brings to investors compared to traditional financial instruments.

How can immigration consultants help Indians get the EB-5 visa?

Getting the EB-5 visa can be a complex and challenging process, requiring a lot of planning, preparation, and paperwork. Immigration consultants can help Indians get the EB-5 visa and achieve their immigration goals. Some of the benefits of hiring an immigration consultant are:

Expert advice: Immigration consultants have the knowledge and experience of the EB-5 visa program and its requirements. They can advise and assist the investors on choosing the best project.

Personalised service: Immigration consultants can provide personalised and customised service to each client, based on their specific needs, preferences, and circumstances.

Professional ethics: Immigration consultants are regulated and licensed by the relevant authorities, such as the USCIS or CAPIC.

Conclusion

In a world where financial decisions echo through generations, the EB-5 Visa program stands as a testament to innovative thinking and strategic planning. Aspiring residents can now navigate the journey to U.S. local residency without the burden of bank loans and liabilities, all while embracing the diverse opportunities that the EB-5 path unfolds. Immersed in cultural integration and economic stability, this unique avenue promises not just visas, but a transformative journey towards financial independence.

(Author is MD, XIPHIAS Immigration)